Telsey Advisory Group Issues Positive Forecast for Victoria’s Secret & Co. (NYSE:VSCO) Stock Price

Victoria’s Secret & Co. (NYSE:VSCO) had its price objective lifted by Telsey Advisory Group from $29.00 to $45.00 in a research report sent to investors on Tuesday, MarketBeat reports. They currently have a market perform rating on the stock.

A number of other research firms have also weighed in on VSCO. UBS Group reaffirmed a “buy” rating on shares of Victoria’s Secret & Co. in a research note on Monday, November 24th. Zacks Research raised shares of Victoria’s Secret & Co. to a “hold” rating in a research report on Monday, August 11th. Wall Street Zen upgraded shares of Victoria’s Secret & Co. from a “sell” rating to a “hold” rating in a research note on Friday, August 22nd. Morgan Stanley reissued a “reduce” rating on shares of Victoria’s Secret & Co. in a report on Friday, September 12th. Finally, Jefferies Financial Group lowered their target price on Victoria’s Secret & Co. from $28.00 to $26.00 and set a “buy” rating for the company in a report on Friday, August 29th. Four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $33.18.

Victoria’s Secret & Co. Price Performance

Shares of VSCO stock opened at $41.96 on Tuesday. Victoria’s Secret & Co. has a twelve month low of $13.76 and a twelve month high of $48.73. The company has a current ratio of 1.14, a quick ratio of 0.36 and a debt-to-equity ratio of 1.48. The stock has a fifty day simple moving average of $33.24 and a two-hundred day simple moving average of $25.70. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of 23.31 and a beta of 2.24.

Institutional Investors Weigh In On Victoria’s Secret & Co.

A number of institutional investors and hedge funds have recently modified their holdings of the company. Virtus Advisers LLC purchased a new position in shares of Victoria’s Secret & Co. during the 1st quarter valued at about $30,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Victoria’s Secret & Co. in the 3rd quarter valued at about $30,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Victoria’s Secret & Co. during the second quarter worth about $35,000. Hara Capital LLC acquired a new position in shares of Victoria’s Secret & Co. during the 2nd quarter worth about $36,000. Finally, State of Wyoming purchased a new position in Victoria’s Secret & Co. in the 3rd quarter valued at $48,000. Institutional investors and hedge funds own 90.29% of the company’s stock.

About Victoria’s Secret & Co.

Victoria’s Secret & Co operates as a lingerie, clothing and beauty retailer. It offers bras, panties, lingerie, pajamas, sleep, sport and swim apparel, and beauty products. The company was founded in 1963 and is headquartered in Reynoldsburg, OH.